New Jersey's Thoroughbred Horsemen Association has elected Dennis A. Drazin, one of the state's leading Thoroughbred owners and breeders, as president. In addition, the association has elected a new board of directors.

Horsemen in New Jersey will be running for bigger purses starting at Monmouth Park May 29 under a subsidy deal reached between Atlantic City casino and the New Jersey Thoroughbred Horsemen's Association.

Although the New Jersey Racing Commission has asked a state court judge to levy a large fine against the state's Thoroughbred Horsemen's Association, and for permission to take over the finances of the organization because of gross mismanagement, one of its top officers said he is confident that the complaint will be dismissed.